In this Feb. 22, 2017, photo, President Donald Trump speaks during a meeting on the Federal budget in the Roosevelt Room of the White House in Washington. For the past eight years, thousands of conservative activists have descended on Washington each spring with dreams of putting a Republican in the White House. This year, they're learning reality can be complicated. With Trump's presidential victory, the future of the conservative movement has become entwined with an unconventional New York businessman better known for his deal-making than any ideological principles. (AP Photo/Evan Vucci)

WASHINGTON (AP) — President Donald Trump’s choice to be secretary of the Navy, businessman Philip Bilden, said Sunday he was withdrawing from consideration for the post, citing concerns about privacy and separating himself from his business interests.

Bilden’s withdrawal raises similar issues to that of Vincent Viola, Trump’s nominee for Army secretary who stepped aside earlier this month.

Bilden was an intelligence officer in the Army Reserve from 1986-1996. He relocated to Hong Kong to set up an Asian presence for HarbourVest Partners LLC, a global private equity management firm. Bilden recently retired from HarbourVest Partners after 25 years.

In a statement released by the Pentagon, Bilden said he determined that he would not be able to satisfy the Office of Government Ethics requirements without what he called “undue disruption and materially adverse divestment of my family’s private financial interests.”

Defense Secretary Jim Mattis said in a statement that he would make a recommendation to Trump for a nominee in the coming days.

Viola cited his inability to successfully navigate the confirmation process and Defense Department rules concerning family businesses. A military veteran and former Airborne Ranger infantry officer, he was also the founder of several businesses, including the electronic trading firm Virtu Financial. He also owns the National Hockey League’s Florida Panthers and is a past chairman of the New York Mercantile Exchange.